MEMS Gyroscope Market size was valued at USD 2.4 Billion in 2021, registering a CAGR of 9.3% during the forecast period (2022-2030), and the market is projected to be worth USD 5.3 Billion by 2030.
The micro-electro-mechanical system, or MEMS gyroscope, is a mechanical device used for angular velocity measurement and navigation. It works on the concept of momentum conservation and is made up of a free-rotating disc attached onto a spinning axis in the middle of a bigger and more stable wheel. Consumer electronics, automobile airbag systems, game consoles, virtual reality (VR), and robots all use the gadget. It facilitates in the capture of high-resolution photos with complex details in digital cameras. Aside from that, the combination of gyroscopes with MEMS technology has enabled the development of miniature sensors that detect changes in orientation and velocity using small vibrating motors.
MEMS Gyroscope Market Research Report” was just released by Market Research Community. It is divided into several categories, including By type (Turning Fork, Vibrating Disk, Vibrating Ring), By Application (Mobile Devices, Cameras and Camcorders, Gaming Consoles), By End Use (Consumer Electronics, Automotive, Aerospace and Defense, Industrial, Marine) and companies (NXP Semiconductors Co. Ltd., Panasonic Corporation, Robert Bosch GmbH, ROHM Co, Ltd., Sony Corporation, STMicroelectronics International N.V., Systron Donner Inertial, Inc., and Trimble Inc., Analog Devices Inc., Seiko Epson Corporation, Honeywell International Inc., InvenSense Inc., Maxim Integrated Products, Inc., MEMSIC Inc., Murata Manufacturing Co. Ltd), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 9.3%, over the forecast period of 2022–2030.
The increased adoption of MEMS Gyroscope in the Sensors & Controls industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for MEMS Gyroscope also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of MEMS Gyroscope in many sectors also boosts the market growth during the forecast period.
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||5.3 Billion|
|By Type||Turning Fork, Vibrating Disk, Vibrating Ring|
|By Application||Mobile Devices, Cameras and Camcorders, Gaming Consoles|
|By End-Use||Consumer Electronics, Automotive, Aerospace and Defense, Industrial, Marine|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||NXP Semiconductors Co. Ltd., Panasonic Corporation, Robert Bosch GmbH, ROHM Co, Ltd., Sony Corporation, STMicroelectronics International N.V., Systron Donner Inertial, Inc., and Trimble Inc., Analog Devices Inc., Seiko Epson Corporation, Honeywell International Inc., InvenSense Inc., Maxim Integrated Products, Inc., MEMSIC Inc., Murata Manufacturing Co. Ltd|
The COVID-19 pandemic has had a substantial negative influence on the MEMS Gyroscope market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
NXP Semiconductors Co. Ltd., Panasonic Corporation, Robert Bosch GmbH, ROHM Co, Ltd., Sony Corporation, STMicroelectronics International N.V., Systron Donner Inertial, Inc., and Trimble Inc., Analog Devices Inc., Seiko Epson Corporation, Honeywell International Inc., InvenSense Inc., Maxim Integrated Products, Inc., MEMSIC Inc., Murata Manufacturing Co. Ltd
Market Segment Analysis:
- Turning Fork
- Vibrating Disk
- Vibrating Ring
- Mobile Devices
- Cameras and Camcorders
- Gaming Consoles
- Consumer Electronics
- Aerospace and Defense
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of MEMS Gyroscope industries in the region.
Key MEMS Gyroscope Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global MEMS Gyroscope Market segments.
– Largest Market Share Held by Industry to Industry for MEMS Gyroscope
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the MEMS Gyroscope Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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